Global Digital Isolator Market Dynamics
Market Research Future (MRFR) anticipates that the Digital Isolater Market 2020 can touch a valuation
of 2.4 billion by 2023-end. MRFR also expects the global market to achieve a
CAGR of 6% between 2017 and 2023 (forecast period).
Market Boosters and Top Barriers
Digital isolators have a range of applications in
ADCs, gate drivers, CAN isolation, USB & other communication ports, and
AC/DC converters. They find extensive deployment across several industries that
include healthcare, industrial, telecommunications and automotive. However, the
deployment of digital isolators in the industrial sector can be the highest in
the coming years, owing to the significant need for low-cost and efficient
solutions for data transfer and equipment safety.
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High demand for noise-free electronics along with
the rising use of renewable sources of energy is bound to favor the digital
isolator market during the evaluation period. Also, the continuous replacement
of optocouplers with digital isolators and the soaring demand to reduce the use
of electronic devices in most of the workplaces to comply with strict industry
standards can let vendors capture lucrative opportunities in the worldwide
market.
Over the coming years, the digital isolator market
is expected to be positively impacted by the activities carried out by the
leading companies. These companies will be adopting effective strategies that
include product launches, for their brand promotion and also gain broader
recognition. Other major marketing hacks include partnerships, collaborations
and mergers that can boost their production capacity and seize a bigger portion
of the global market. Besides these, the leading companies are also acquiring
small and medium scale enterprises to have a competitive edge in the market.
Digital Isolator Market - Segments
The digital isolator market forecast is segmented
into type, data rate, channel, application, and regions. The type segment is
sub-segmented into capacitive coupling, giant magneto resistive (GMR), magnetic
coupling, and others.
The data rate segment is sub-segmented into less
than 25 Mbps, 25 Mbps to 75 Mbps, and above 75 Mbps. The channel segment is
sub-segmented into two channels, four channels, six channels, and eight
channels.
The application segment is sub-segmented into gate
drivers, DC/DC converters, ADC, USB, and other communication ports. By regions,
the market is sub-segmented into Asia Pacific, Americas, Europe, and
rest-of-the-world.
Digital Isolator Market - Regional
Analysis
North America dominates the global digital isolator
market, witnessing augmenting demand among various verticals, including
automotive, telecommunication, aerospace & defense, and others. Besides,
the strong presence of prominent companies such as Broadcom Limited (US),
Silicon Labs Inc. (US), and Texas Instruments Inc. (US) positively impact the
growth of the digital isolator industry in the region.
The digital isolator market in the Asia Pacific
region is growing briskly due to the changing market trends & emerging
opportunities. Additionally, factors such as increasing demand and
manufacturing of digital isolators that can offer improved performance at a
much-reduced cost substantiate the size of the market. The APAC digital
isolator market is expected to grow at a considerable CAGR, witnessing huge
demand during the assessment period.
Competitive Analysis
Characterized by the presence of several
well-settled players, the global digital isolator market appears to be highly
competitive. These players incorporate strategic approaches such as mergers
& acquisitions, collaboration, expansion, and technology/product launches
to gain a bigger competitive advantage.
Major Players
Players leading the digital isolator market include
Murata Manufacturing Company Ltd (Japan), Advantech Co Ltd (Taiwan), NXP
Semiconductors NV (the Netherlands), Texas Instruments, Inc (US), Broadcom Ltd
(US), ST Microelectronics NV (Switzerland), ON Semiconductor (US), Infineon
Technologies AG (Germany), and Digi – Key Corporation, among others.
Industry/ Innovation/ Related News:
March 17, 2021 – Tower Semiconductor (Israel), the
leader in high-value analog semiconductor foundry solutions, announced a newly
developed, futuristic galvanic capacitor technology integrated with 0.18um
power management and mixed-signal platforms, enabling up to 12kV isolated gate
driver and digital isolator ICs. The new capacitor enhances safety and power
efficiency for applications in the automotive, green power, and industrial
markets, addressing an estimated US$1B market.
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